Netflix and Twitter Are Among 29 Stocks Ready to Change Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: CX, BTI, HSY, KMB, WMB, CB, RDN, UBS, AGN, CELG, XRAY, HON, LUV, MMM, ROK, WM, TRMB, SBS, ANF, GNTX, NFLX, P, W, EL, USFD, EDIT, GLUU, STX, TWTR

Below is a list of names for those charts we believe are showing technical characteristics of either bullish or bearish reversal patterns that occurred over the past week.

Bullish reversals imply institutional accumulation and the potential for higher prices. Bearish reversals imply institutional distribution and the potential for lower prices.

Each group is listed by sector affiliation. Please feel free to contact the author for further details.

Bullish Reversals:

Basic Materials: CEMEX, S.A.B. de C.V. (CX)

Consumer Defensives: British American Tobacco p.l.c. (BTI) , The Hershey Company (HSY) , Kimberly-Clark Corp. (KMB)

Energy: The Williams Companies, Inc. (WMB)

Financial Services: Chubb Limited (CB) , Radian Group Inc. (RDN) , UBS Group AG (UBS)

Healthcare: Allergan plc (AGN) , Celgene Corp. (CELG) , Dentsply Sirona Inc. (XRAY)

Industrials: Honeywell International Inc. (HON) , Southwest Airlines Co. (LUV) , 3M Co. (MMM) , Rockwell Automation Inc. (ROK) , Waste Management, Inc. (WM)

Technology: Trimble Inc. (TRMB)

Utilities: Companhia de Saneamento Básico do Estado de São Paulo (SBS)

Bearish Reversals:

Consumer Cyclicals: Abercrombie & Fitch Co. (ANF) , Gentex Corp. (GNTX) , Netflix, Inc. (NFLX) , Pandora Media, Inc. (P) , Wayfair Inc. (W)

Consumer Defensives: The Estée Lauder Companies Inc. (EL) , US Foods Holding Corp. (USFD)

Healthcare: Editas Medicine, Inc. (EDIT)

Technology: Glu Mobile Inc. (GLUU) , Seagate Technology plc (STX) , Twitter, Inc. (TWTR)

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At the time of publication, Ortmann was long CELG.

TAGS: Investing | U.S. Equity | Stocks

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